If you’re currently pregnant or thinking ahead to having a baby, you may be lost in the glow of being a new parent. It’s a magical time, but at the same time, it can be stressful. Having a new baby can be expensive, and it can lead to not only new costs you might not have thought of but it can also increase the cost of things you’re already paying for.
For example, while your car insurance won’t increase when you have a baby, your health insurance will. Additionally, while a new baby might not increase your car insurance now when that baby becomes a teen driver, those costs will skyrocket.
This is just the tip of the iceberg, and the following are some of the costs associated with having a new baby. [Read more…]